1645 W 48th Street, Los Angeles, CA 90062

Multi-Family · For sale · $1,975,000 · MLS# 26685067

Multi-Family for sale in Southern California — $1,975,000. 10 beds · 13 baths · 10,990 sqft. We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon…

1645 W 48th Street
For sale

$1,975,000

1645 W 48th Street, Los Angeles, CA 90062

10beds
13baths
10,990sqft
Multi-FamilyProperty type
1912Year built
5,851 sqft lotLot size
10,990 sqftLiving area
$180/sqftPrice / sqft
HOA

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 10
  • Bathrooms: 13

Heating

  • Heating: Natural Gas

Cooling

  • Cooling: None

Appliances

  • Included: Disposal, Microwave, Refrigerator

Interior area

  • Living area: 10,990 sqft

Property

Lot

  • Lot size: 5,851 sqft

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1912

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 101 days
  • Price / sqft: $180
  • Status: Active
  • MLS#: 26685067

Location

  • City: Los Angeles
  • ZIP: 90062

About this home

We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.

Listing updated: June 23, 2026 at 10:23 AM

Listed by: Benjamin Lee, Lyon Stahl Investment Real Estate, Inc.

Source: CRMLS, MLS#: 26685067, Originating MLS: California Regional MLS

Location

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Los Angeles

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Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 10
  • Bathrooms: 13

Heating

  • Heating: Natural Gas

Cooling

  • Cooling: None

Appliances

  • Included: Disposal, Microwave, Refrigerator

Interior area

  • Living area: 10,990 sqft

Property

Lot

  • Lot size: 5,851 sqft

Construction

Type & style

  • Home type: Multi-Family

Condition

  • Year built: 1912

Community & HOA

Community

  • Has HOA: No

Financial & listing details

  • Days on market: 101 days
  • Price / sqft: $180
  • Status: Active
  • MLS#: 26685067

Location

  • City: Los Angeles
  • ZIP: 90062

Price history

DateEventPrice
5/19/2026Source: CRMLS, #26685067Price change$1,975,000$180/sqft-3.7%
4/06/2026Source: CRMLS, #26685067Listed for sale$2,050,000$187/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-06-23 10:23:58 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information